If Joel Earns a 10% After-Tax Rate of Return, $10,000

question 25

Multiple Choice

If Joel earns a 10% after-tax rate of return, $10,000 received in two years is worth how much today (rounded) ?

• A) $10,000
• B) $9,090
• C) $8,260
• D) $11,000
• E) None of these

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